Quantbot Technologies LP Makes New Investment in HCI Group, Inc. $HCI

Quantbot Technologies LP purchased a new position in HCI Group, Inc. (NYSE:HCI) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 6,982 shares of the insurance provider’s stock, valued at approximately $1,340,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Strs Ohio increased its position in shares of HCI Group by 2.1% in the 3rd quarter. Strs Ohio now owns 4,800 shares of the insurance provider’s stock valued at $921,000 after acquiring an additional 100 shares during the period. EverSource Wealth Advisors LLC grew its stake in HCI Group by 48.4% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 322 shares of the insurance provider’s stock valued at $62,000 after purchasing an additional 105 shares during the last quarter. Westside Investment Management Inc. increased its holdings in shares of HCI Group by 100.0% in the third quarter. Westside Investment Management Inc. now owns 252 shares of the insurance provider’s stock valued at $47,000 after purchasing an additional 126 shares during the period. Quent Capital LLC purchased a new position in shares of HCI Group in the third quarter worth about $25,000. Finally, Creative Planning lifted its holdings in shares of HCI Group by 0.3% during the second quarter. Creative Planning now owns 52,191 shares of the insurance provider’s stock worth $7,943,000 after purchasing an additional 139 shares during the period. 86.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Citigroup reiterated a “market outperform” rating on shares of HCI Group in a report on Friday, January 16th. Oppenheimer lowered shares of HCI Group from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 13th. Weiss Ratings reissued a “buy (b)” rating on shares of HCI Group in a report on Monday, December 29th. Truist Financial boosted their target price on shares of HCI Group from $190.00 to $235.00 and gave the company a “buy” rating in a research report on Friday, November 7th. Finally, Zacks Research raised HCI Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 27th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, HCI Group has an average rating of “Buy” and an average target price of $231.67.

HCI Group Trading Down 1.3%

Shares of NYSE:HCI opened at $172.07 on Friday. The business’s 50 day moving average price is $168.65 and its 200-day moving average price is $178.08. HCI Group, Inc. has a 1 year low of $129.58 and a 1 year high of $210.50. The firm has a market capitalization of $2.24 billion, a price-to-earnings ratio of 7.59 and a beta of 1.19. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.95 and a quick ratio of 0.95.

HCI Group (NYSE:HCI) last issued its quarterly earnings results on Wednesday, February 25th. The insurance provider reported $7.25 EPS for the quarter, topping the consensus estimate of $4.87 by $2.38. The company had revenue of $246.24 million during the quarter, compared to analyst estimates of $232.36 million. HCI Group had a net margin of 33.19% and a return on equity of 36.34%. On average, equities research analysts forecast that HCI Group, Inc. will post 6.78 earnings per share for the current fiscal year.

HCI Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Friday, February 20th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, February 20th. This represents a $1.60 dividend on an annualized basis and a yield of 0.9%. HCI Group’s dividend payout ratio (DPR) is currently 7.05%.

About HCI Group

HCI Group, Inc (NYSE: HCI) is a holding company whose principal business is the underwriting and issuance of property and casualty insurance through its insurance subsidiaries. Headquartered in Jacksonville, Florida, the company focuses primarily on personal-line insurance products, writing homeowners, condominium, renters and mobile home policies. HCI Group also offers wind-only and flood coverage in coastal regions across the state, providing tailored solutions to both coastal and non-coastal communities.

The company distributes its insurance products through a network of independent agents and brokers, leveraging local market expertise to assess risk and deliver personalized service.